By Olivia Maaret
Life is not always creams and peaches. Emergencies are such stimuli which remove our misconception of a smooth life. There are difficult situations also where we may need some monetary help. So to cope with these problematic situations, we have cash advance loan to help us.
Cash advance loan is a very short term, unsecured loan that is advanced to the borrower to take care of his small cash problems. With this money the borrower can take care of needs like grocery bills, medical expenses, educational expenses, car breakdown, urgent travel expense etc.
Cash advance loan can be availed by borrowers who have the following criteria fulfilled:
- Age of over 18 years
- Residential proof
- Regular employment
- Regular checking bank account
On fulfillment of these criteria, the cash advance loan is approved and money is transferred in 24 hours only. This money is transferred to the bank account of the borrower directly.
Through cash advance loan, a sum of ₤100-₤1500 can be borrowed. This amount has to be repaid in duration of 14-31 days with the repayment date coinciding with the next payday.
The repayment of cash advance loan is done electronically. On the due date, the principal plus interest is deducted from the bank account of the borrower automatically. If the borrower wants to roll over the loan for another term, he can do that by contacting the lender.
Since no credit check is involved in approval of cash advance loan, bad creditors can also benefit from this. Defaults, arrears or bad credit score is no hindrance in getting a cash advance loan though the rates offered are slightly higher. Affordable rates can be found by searching online for cash advance loan. Free quotes from the lenders can be compared.
Cash advance loan helps in fixing the temporary crisis that the borrower faces. The non-requirement of security makes this loan even more easy to avail, fast and trustworthy.
Cash advance loan is a very short term, unsecured loan that helps the borrower in coping up with emergency needs that crop up suddenly. These can be availed and approved very fast.
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